Posts tagged "trust"
Celebrity deaths and estate battles often provide valuable jumping-off points into discussions of important estate planning topics that may be relevant to readers of this blog. In today’s post, however, we see that there are sometimes valuable estate-planning lessons to be learned even from celebrities who are still alive.
Giving to charity via a trust is not only for the wealthy; you can get the emotional and tax benefits of donating just a few thousand dollars by participating in a pooled charitable trust.
It is not uncommon for elderly homeowners to transfer their homes into the name of a child (or children) in hopes of reducing estate taxes, avoiding probate or to protect the home in case of long-term care claims. However, this can be a clumsy - and potentially disastrous -- way of trying to accomplish these important estate planning goals.